The futures commission merchant (FCM) model is broken. The $5.5 billion industry is in dire straits. Once considered a low-risk activity supported by initial margin and daily mark-to-market calls, ...
Recent months have brought a deluge of extraordinary ideas that, if implemented, would signal the demise of the traditional futures commission merchant, or FCM. Exchange operators have proposed to ...
The NFA defines a FCM as an entity that solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts or swaps, and accepts money or other assets ...
FIA president and CEO Walt Lukken made the following statement regarding the approval of CME’s futures commission merchant (FCM) license. “The approval of CME’s FCM application is the latest and most ...
LCH.Clearnet Ltd (LCH.Clearnet) is set to give US clients access to its market leading interest rate swap clearing service, SwapClear, via a Futures Commission Merchant (FCM) model, subject to ...
CME Group Inc. won approval to operate its own futures commission merchant, a move that received swift criticism from some market participants. The Chicago-based exchange operator said it received ...
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